FedEx is set to implement permanent cost reductions totaling $1 billion in fiscal 2026 through its DRIVE and Network 2.0 initiatives, following a net income of $4.09 billion in fiscal 2025, down from $4.33 billion in the previous year. Despite a slight revenue increase to $87.9 billion, the company reduced capital spending by 22% to $4.1 billion. Executives emphasized their commitment to managing costs and enhancing network efficiency, while also addressing fleet modernization through the retirement of certain aircraft.

Source: https://www.stattimes.com/air-cargo/fedex-to-reduce-cost-by-1bn-in-fy2026-net-income-drops-5-in-fy2025-1355655